UPDATE: Imperial Capital Downgrades United Continental
In a report released Thursday, Imperial Capital analyst Bob McAdoo downgraded United Continental (NYSE: UAL) from Outperform to In-line, reducing its one-year price target to $47.00 per share (previously $55.00).
Imperial Capital predicts United Continental to have low operating results, decreasing its value compared to its peers with the major airline sector.
Shares of United Continental may move higher along with its sector, but its future lacks growth potential according to Imperial Capital analysts.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.